Future Plans for Hyundai EV ProductionJun 20th, 2022
As electric vehicles move towards the forefront of the automotive industry, a lot of consumers may feel locked out of the market due to high prices and charging infrastructure obstacles. With brands like Rivian and Tesla, you can get an expensive electric vehicle with high maintenance costs and even higher monthly payments. Ontario Hyundai in Whitby says there’s a better solution: Hyundai has an incredible lineup of EVs and they only continue to grow.
The differences between Hyundai and other EV-only manufacturers would have to be affordability, quality, and experience. Further, Hyundai expects to grow their electric fleet to 12+ by the end of 2030, so the future is looking extremely bright. By 2025, Hyundai plans to become one of the top EV producers in the world, putting more electric vehicles on the road, reducing emissions and creating many more jobs.
Being around since the Late 1960s, Hyundai has been able to become one of the major players in the automotive industry with a 7.6% market share in Canada (as a whole). Hyundai has decades of experience building quality, reliable cars. They have high-level safety systems that have been developed both in R&D departments and in millions of miles of ownership. They repeatedly receive IIHS top safety pick honors and are consistently on the Kelley Blue Book Best Buy Awards. Hyundai currently offers 4 EV’s in their lineup. The base model of the Kona Electric has an MSRP of $35,295, compared to the Tesla Model 3 starting at $46,990. The Kona rivals the combined range of the Model 3, allowing you to travel roughly 415km on a full charge, while the Model 3 has a combined range of ~430km. Hyundai also offers a 8 year, 160,000km warranty for the 2022 Kona, as well as all of the other vehicles in their fleet. This makes Hyundai an exceptional option for those ready to dive into electrification without breaking the bank.
Recently a Hyundai battery and production plant opened in Georgia, aiming to produce 300,000 vehicles per year while creating 8,100 jobs. This facility will be dedicated to EV production, making these cars much more readily available to North American residents. Hyundai has spent $5.5 billion dollars to open this facility in Georgia so far, but plans to invest upwards of $10 billion in American production before 2022.
With the logistical issues still present from the pandemic, Hyundai doesn’t plan to be at the top with the EV heavyweights just yet; but they do plan on growing their selection of EV’s and eventually phasing out traditional combustion engines. By 2030, Hyundai plans on launching 11 new electric vehicles into their lineup, in addition to their current models. These will be packed with the newest technology and come in many shapes and sizes. This future EV lineup includes three sedans, six SUV’s, and a light commercial vehicle.
Coming soon, however, will be Hyundai’s entry level 2023 electric model, called the EV9, which will be the first Hyundai vehicle to be equipped with their Auto Driving system. Hyundai also states it will create a standard blueprint for their EV’s like the Ioniq 5, EV6, and Genesis GV60, which will standardize the battery systems and motors along with the chassis for future EVs. This will be important for future Autonomous driving!
Hyundai says they are targeting global EV sales of nearly 1.9 million units annually by 2030 and aims for a 7 percent market share with electric vehicles, so things are looking bright for this manufacturer. Along with these advancements in their electrification of the Hyundai fleet, they are working on other practical vehicles that can benefit those who suffer from physical ailments, using cars/carts that can climb stairs with robotic legs and travel across numerous terrains, changing accessibility across the world. You can read more about these walking vehicles here!
To learn more about Hyundai hybrid and electric vehicles available now, please check out our page!
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